Baku, Azerbaijan, Aug. 16
By Anvar Mammadov – Trend:
Total sum of 8.73 billion manats from different financial sources was invested into the development of the economic and social areas of Azerbaijan in January-July 2017, which is by 0.3 percent less, than in the same period of 2016, the Azerbaijani State Statistics Committee said in a report.
According to the report, 79.2 percent of the total investments were made into the construction of production facilities, 15.6 percent – into the construction of non-production facilities and 5.2 percent – into the housing construction.
Some 39.5 percent of the total investments accounted for the domestic investments, the report said.
The main sources of investments in January-July 2017 are as follows: funds of enterprises and organizations – nearly 6.25 billion manats (71.6 percent of the total investments); bank loans – 924.1 million manats (10.6 percent); budgetary funds – 999.5 million manats (11.5 percent); off-budgetary funds – 118.7 million manats (1.4 percent); funds of population – 387.1 million manats (4.4 percent) and other funds – 47.6 million manats.
Some 38.1 percent (3.33 billion manats) of the funds made in the fixed capital accounted for the development of the non-oil sector, while 61.9 percent (5.4 billion manats) - into the country's oil sector.
Some 67.5 percent of the investments accounted for industry, 15.3 percent – construction, 11.1 percent – transportation and warehousing, 1.1 percent – information and communications, 1.6 percent - agriculture, forestry and fishery, 0.6 percent – health care, 1 percent – public administration, security and compulsory social security, 0.4 percent - administrative and support services, 0.4 percent – leisure, entertainment and arts, 0.5 percent – education, 0.3 percent - trade, 0.1 percent - tourist accommodation and catering, and 0.1 percent - scientific, professional and technical activities, the report said.
(1.7008 manats = $1 on Aug. 16)